Hi everyone, so far donations to the TDE project have always ended up to Tim. Although he is the founder of the project, he has not really been involved in the daily matters and development for several years. In the past there has been talks to establish a non-profit TDE organization, but this has yet to happen.
With release R14.1.0 coming soon, I would like to propose for donations to be temporarily redirected to Slavek, till the TDE non profit organization is established. Once the organization comes to birth, the amount of donations can be transferred over to it. A transparent public account of donations could be setup, so everyone would be free to see how donations would be used. If Slavek needed to pay additional taxes due to the temporary donation income, I suggest those would be paid out of the donations themselves.
What is your opinion? There is about a month before R14.1.0 is released, so it would probably leave just enough time to prepare the new setup.
Cheers Michele
On 3/22/23 8:30 AM, Michele Calgaro via tde-devels wrote:
so far donations to the TDE project have always ended up to Tim. Although he is the founder of the project, he has not really been involved in the daily matters and development for several years. In the past there has been talks to establish a non-profit TDE organization, but this has yet to happen.
With release R14.1.0 coming soon, I would like to propose for donations to be temporarily redirected to Slavek, till the TDE non profit organization is established. Once the organization comes to birth, the amount of donations can be transferred over to it. A transparent public account of donations could be setup, so everyone would be free to see how donations would be used. If Slavek needed to pay additional taxes due to the temporary donation income, I suggest those would be paid out of the donations themselves.
What is your opinion? There is about a month before R14.1.0 is released, so it would probably leave just enough time to prepare the new setup.
Consult an attorney or paralegal experienced with free/libre software and non-profit organizations. Somebody at FSF, SFC, or Document Foundation should be able to provide a lead to a qualified person or at least an attorney-reviewed check list for creating an NPO.
On 3/22/23 08:30, Michele Calgaro via tde-devels wrote:
Hi everyone, so far donations to the TDE project have always ended up to Tim. Although he is the founder of the project, he has not really been involved in the daily matters and development for several years. In the past there has been talks to establish a non-profit TDE organization, but this has yet to happen.
With release R14.1.0 coming soon, I would like to propose for donations to be temporarily redirected to Slavek, till the TDE non profit organization is established. Once the organization comes to birth, the amount of donations can be transferred over to it. A transparent public account of donations could be setup, so everyone would be free to see how donations would be used. If Slavek needed to pay additional taxes due to the temporary donation income, I suggest those would be paid out of the donations themselves.
What is your opinion? There is about a month before R14.1.0 is released, so it would probably leave just enough time to prepare the new setup.
Cheers Michele
Just have Slavek be the trustee for the "TDE Project Trust". That way he simply holds the funds for the benefit of TDE and there are no tax consequences to him.
To establish the trust just make a short memo (in whatever TDE uses to keep notes of what the project does) that the "TDE Project Trust" is being created with Slavek as the trustee for the benefit of the TDE Project until the TDE Non-Profit is created. No other formalities are required.
Slavek collects the funds, and then the Non-Profit is created, simply transfer the funds to the non-profit.
David C. Rankin composed on 2023-04-20 20:46 (UTC-0500):
Just have Slavek be the trustee for the "TDE Project Trust". That way he simply holds the funds for the benefit of TDE and there are no tax consequences to him.
To establish the trust just make a short memo (in whatever TDE uses to keep notes of what the project does) that the "TDE Project Trust" is being created with Slavek as the trustee for the benefit of the TDE Project until the TDE Non-Profit is created. No other formalities are required.
Slavek collects the funds, and then the Non-Profit is created, simply transfer the funds to the non-profit.
His citizenship or the country in which Slavek resides doesn't matter?
Felix Miata via tde-devels wrote:
Slavek collects the funds, and then the Non-Profit is created, simply transfer the funds to the non-profit.
His citizenship or the country in which Slavek resides doesn't matter?
It does matter, people just don't know/understand that globalization was done for big companies and not for individuals. It does matter also for the companies of course, but the big ones can afford paying all the legal taxes.
The other thing is, you never give the money to one person. IMO it must be at least 3 of them ... well two is also OK, but they can hardly make decisions when they are having different opinions.
BR
On 4/20/23 23:54, deloptes via tde-devels wrote:
It does matter, people just don't know/understand that globalization was done for big companies and not for individuals. It does matter also for the companies of course, but the big ones can afford paying all the legal taxes.
The other thing is, you never give the money to one person. IMO it must be at least 3 of them ... well two is also OK, but they can hardly make decisions when they are having different opinions.
It doesn't. Trust law is by state in the US. There is no prohibitions on a foreign trustee. If things go to hell, then the law of the state in which the trust was created applies. If Slavek resides in a country that is a signatory Hague Convention -- foreign service can be effected that way :)
On Sun April 30 2023 22:45:13 David C. Rankin via tde-devels wrote:
On 4/20/23 23:54, deloptes via tde-devels wrote:
It does matter, people just don't know/understand that globalization was done for big companies and not for individuals. It does matter also for the companies of course, but the big ones can afford paying all the legal taxes.
The other thing is, you never give the money to one person. IMO it must be at least 3 of them ... well two is also OK, but they can hardly make decisions when they are having different opinions.
It doesn't. Trust law is by state in the US. There is no prohibitions on a foreign trustee. If things go to hell, then the law of the state in which the trust was created applies. If Slavek resides in a country that is a signatory Hague Convention -- foreign service can be effected that way :)
When I worked in the UK I told my employer my marital status and that I didn't have a mortgage and then my UK taxes were done automatically (although I still had to file a tax return here in the US while working in the UK!).
Back in the US my wife spends many many hours each year collecting numbers and sending them to a tax preparer and then checking every line of dozens of pages of tax return.
The US tax system is toxic to everyone except billionaires who can employ an army of lawyers and accountants so that they pay lower tax rates than working people.
My wholly amateur and unprofessional advice to Slávek would be to avoid any contact with the convoluted, inefficient, and expensive US tax and legal systems.
--Mike
In the past there has been talks to establish a non-profit TDE organization, but this has yet to happen.
With release R14.1.0 coming soon, I would like to propose for donations to be temporarily redirected to Slavek, till the TDE non profit organization is established. If Slavek needed to pay additional taxes due to the temporary donation income, I suggest those would be paid out of the donations themselves.
Just have Slavek be the trustee for the "TDE Project Trust". That way he simply holds the funds for the benefit of TDE and there are no tax consequences to him.
To establish the trust just make a short memo (in whatever TDE uses to keep notes of what the project does) that the "TDE Project Trust" is being created with Slavek as the trustee for the benefit of the TDE Project until the TDE Non-Profit is created. No other formalities are required.
Slavek collects the funds, and then the Non-Profit is created, simply transfer the funds to the non-profit.
Neo-Roman Law or Civil Law, which is that which exists in continental Europe, and English Law or Common Law, which is that which exists in UK and USA, are two different legal systems. The "trust" is a figure of the English Law or Common Law. I think our dear Slávek Banko lives in continental Europe. If so, then the best legal figure is the association (in its meaning in Neo-Roman Law or Civil Law), which is also very quick to create (is instantaneous in many countries). Every organization has legal requirements that must be met during its operation, an association has less than a foundation or union, but it does not stop having (for example, annually to report the accounting register, membership register and meeting minutes register, the details depend on the country), so it is necessary to ask if Slávek wants and can have time. The alternative option, which is not to create any type of organization and make money transfers to his personal account, may cause problems when declaring this income (necessary if the annual volume is significant) because it is an increase in his personal assets whose origin may not be so easy to justify (depending on his country's anti-money laundering laws). A personal account abroad is not a solution compared to a personal account in his country, due to the exchange of financial information between countries, and that any person must also legally declare their assets abroad as well as their assets within this country.
Best regards,
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Alexis PM -
Darrell Anderson -
David C. Rankin -
deloptes -
Felix Miata -
Michele Calgaro -
Mike Bird